GITNUX MARKETDATA REPORT 2024
Microalbumin Test Industry Statistics
The global microalbumin test industry is expected to experience steady growth driven by increasing prevalence of kidney diseases and diabetes, technological advancements, and rising healthcare expenditure.
In this post, we will explore the latest statistics and market trends in the global microalbumin test industry. With a projected CAGR of 8.0% between 2020 and 2025, the market is set for significant growth, reaching USD 776.7 million by 2027. Key insights include the dominance of North America in market share, the rapid growth of point-of-care tests, and the rising awareness programs in Europe. Stay tuned to learn more about the evolving landscape of microalbumin testing.
Statistic 1
"The global microalbumin test market is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.0%."
Statistic 2
"The global Microalbumin Test market size is expected to grow from USD 528.5 million in 2020 to USD 776.7 million by 2027."
Statistic 3
"Microalbumin Test market in North America held the largest share of 51% in 2019."
Statistic 4
"Point-of-care (POC) tests are projected to grow at the fastest CAGR of 9.2% during 2020–2027 in the microalbumin test market."
Statistic 5
"Asia Pacific is anticipated to exhibit the highest CAGR of 9.0% during the forecast period in the microalbumin test market."
Statistic 6
"Europe is projected to hold the second largest share in the microalbumin test market due to rising awareness programs regarding kidney diseases."
Statistic 7
"The over-the-counter (OTC) product type segment held the largest share in the microalbumin test market in 2019."
Statistic 8
"North America's dominance in the microalbumin test market can be attributed to a strong presence of key players in the United States."
Statistic 9
"Laboratory-based products accounted for 55.3% of the global microalbumin test market share in 2019."
Jannik Lindner
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